France in Germany disagree on the resolution of the debt problem

Inviato il 22 October 2011 da Forex Staff

Plans to address the debt crisis in the euro area are stalled, with Paris and Berlin that are currently at odds over how to increase the firepower of the rescue fund. Sarkozy told French lawmakers about the dispute and flew to Frankfurt to talk with German Chancellor Angela Merkel, in an attempt to break the stalemate ahead of the summit on Sunday. The two leaders then left the meeting without speaking to reporters. When asked about whether an agreement had been reached, Jean-Claude Juncker, president of the Eurogroup of eurozone finance ministers, who attended the evening meeting, has said he will ...



In the Forex you must have realistic aims

Inviato il 11 October 2011 da Forex Staff

You cannot have long-term success as a trader in the currency market if the expectations and objectives that are not rational. This way of thinking is very simple to do and follow, absolutely logical, but often the expectations of the new traders of the Forex market are irrational. Before you start trading Forex you should answer a series of questions whose answers can then be evaluated in an objective way. First you need to know what percentage of the monthly increase your trading account points to. Then you need to know how many hours a week are expected to dedicate to ...



Fitch downgrades Italy and Spain

Inviato il 10 October 2011 da Forex Staff

The company Fitch has downgraded the sovereign rating of Italy and Spain, saying that the long term prospective for both countries is negative due to the heavy debts and of the prospectives of small growth. Fitch has also let known that the it has also aimed the debt rating of Portugal, that could be subject of a possible downgrade by the end of the year. Portugal has been the third and last country of the euro zone to receive an international salvage plan, after Greece and Ireland. This decision is a heavy blow on the hopes of containing the debt crisis. ...



The situation of the currencies: attention on the euro

Inviato il 24 September 2011 da Forex Staff

The euro holds modest gains during the first hours of the session today thanks to the possibility that European leaders will surprise the markets and make progress on the Greek debt crisis at a conference to be held in the day. Confidence in the euro area has remained fragile after the alarm for the debt that has reached new high values with Italy, forced to pay higher interest rates for its bonds since joining the euro in 1999. The conference is expected today, held by Germany, France and Greece, will also serve to keep the nerves calm and can provide 24 ...



Italy asks for China’s help and the market revives

Inviato il 24 September 2011 da Forex Staff

The President of China Investment Corporation has met the Italian Minister of Finance last week in Rome. It is unclear whether an agreement has been reached. The news comes as a result of the fact that Italy is preparing to sell up to 7 billion euros of bonds a day after borrowing costs rose in the short term and the markets are worried that Greece is slipping into default. Italy is selling its debt to help itself pay 14.5 billion of bonds maturing on the 15th of September. Italian bond yields are at their highest since the European Central Bank began buying ...



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